Taeyoung Construction Wins 98.1 Billion Won Busan Port Jinhae New Port Breakwater and Seawall Project

by Choi Seoyoon

Published 13 Aug.2025 18:21(KST)

Updated 13 Aug.2025 18:22(KST)

Taeyoung Construction announced on the 13th that it has signed a contract with the Ministry of Oceans and Fisheries for the "Busan Port Jinhae New Port Southern Breakwater and Seawall Phase 1, Section 1 Construction Project," valued at 98.1 billion won.

This project involves the construction of breakwater facilities and other infrastructure in the Jinhae New Port area of Jinhae-gu, Changwon-si, Gyeongsangnam-do.

The contract period runs from August 20, 2025, to March 31, 2029.

The contract amount includes value-added tax and is equivalent to 3.65% of Taeyoung Construction's consolidated sales as of the end of last year.

There are no special conditions regarding advance payments or payment terms, and both the contract amount and period may change depending on the progress of the construction.

Taeyoung Construction Seoul Yeouido Office. Photo by Yonhap News